"Data security startup Cyera continues on a growth tear. On Thursday, it announced a $400 million Series F funding round at a $9 billion valuation. The New York-based outfit has now raised over $1.7 billion. This funding comes just six months after the previous $540 million round at a $6 billion valuation. The new round was led by funds managed by Blackstone with participation from existing investors including Accel, Coatue, Lightspeed, Redpoint, Sapphire, Sequoia, and others."
"Cyera offers what it calls data security posture management, a service that helps companies map out where all their sensitive data lives across cloud systems and databases, track how employees and applications use it, and identify security vulnerabilities. The rise of AI - which has increased both the volume of data that companies handle and concerns about data leaks - has helped Cyera sign up one-fifth of the Fortune 500 companies as customers and more than triple revenue in its last year,"
Cyera completed a $400 million Series F at a $9 billion valuation, bringing total capital raised to over $1.7 billion. The funding arrived six months after a $540 million round at a $6 billion valuation and was led by funds managed by Blackstone with participation from Accel, Coatue, Lightspeed, Redpoint, Sapphire, Sequoia, and others. Cyera provides data security posture management that maps sensitive data across cloud systems and databases, tracks usage by employees and applications, and identifies vulnerabilities. AI-driven data growth and leak concerns have driven customer adoption, including one-fifth of the Fortune 500, and tripled revenue in the last year.
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